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Nalezeno "Parliament": 417

Breaking: South Korean Parliament Passes ‘Landmark’ Crypto Bill

5.3.2020
In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours. The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee...

Russian Parliament Could Pass Digital Financial Assets Bill Next Month

5.2.2020
Source: iStock/Baris-Ozer Russia’s parliament, the State Duma, could pass its long-awaited crypto laws as early as March – and it appears that the impasse between pro-crypto businesses and the crypto-skeptic central bank may finally be over. Anatoly Aksakov, the chairman of the Duma’s financial...

RBI Confirms Crypto Not Banned in India

21.1.2020
The Reserve Bank of India (RBI) has confirmed that cryptocurrency is not banned in India. During the latest supreme court hearing of the crypto case, the central bank’s reply to the Internet and Mobile Association of India was read out in detail. The RBI clarified that it only fenced in...

Russia’s New Prime Minister Has an Opinion of Cryptocurrencies

17.1.2020
The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell...

Direct Democracy Party to Solve Issues With Crypto Rights in Russia

16.1.2020
A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read:...

Indian Lawmaker Says ‘Cryptocurrency Is Inevitable’

15.12.2019
Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where...

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments

9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...

German Banks Authorized to Store and Sell Cryptocurrency in 2020

29.11.2019
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...

Indian Supreme Court Wraps up Crypto Hearing for the Year

19.11.2019
The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian...

Indian Government Delays Introducing Cryptocurrency Bill

15.11.2019
The Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament. This gives...

Why Central Banks Are Not Designed for Democracies

29.10.2019
Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks...

Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

12.10.2019
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...

Liechtenstein Adopts Token Act to Attract Crypto Business

6.10.2019
One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely...

Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000

25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...

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